South-Eastern Asia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in South-Eastern Asia

The Southeast Asian wheat and meslin flour market expanded rapidly to $X in 2022, growing by 12% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wheat and Meslin Flour in South-Eastern Asia

In value terms, wheat and meslin flour production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports in South-Eastern Asia

In 2022, approx. X tons of wheat and meslin flour were exported in South-Eastern Asia; declining by -13.5% compared with the year before. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 26%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat and meslin flour exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Vietnam represented the key exporting country with an export of around X tons, which reached 41% of total exports. Indonesia (X tons) ranks second in terms of the total exports with an 18% share, followed by Malaysia (18%), Singapore (18%) and Thailand (4.8%).

Vietnam was also the fastest-growing in terms of the wheat and meslin flour exports, with a CAGR of +4.0% from 2012 to 2022. At the same time, Indonesia (+2.9%), Thailand (+2.2%) and Singapore (+1.6%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. While the share of Vietnam (+6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 77% of total exports.

Vietnam, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 10% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wheat and Meslin Flour

Imports in South-Eastern Asia

After four years of decline, supplies from abroad of wheat and meslin flour increased by 19% to X tons in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Singapore (X tons), Indonesia (X tons) and Malaysia (X tons) represented roughly 76% of total imports in 2022. Myanmar (X tons) held a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (5.4%). Timor-Leste (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +44.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest wheat and meslin flour importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising 63% of total imports. Indonesia, the Philippines, Myanmar and Timor-Leste lagged somewhat behind, together accounting for a further 28%.

Myanmar, with a CAGR of +40.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the import price increased by 8.6%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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